This month, we have been delighted to begin our Young Enterprise programme in the Junior School, for students in Years 5 and 6, led by our Head of Business Studies, Mr Jain, and Head of Junior School, Miss Hair. Businesses have been formed, case studies learnt and initial product designs are taking shape – look out Alan Sugar!
We know from the GDST Futures report that girls want a greater awareness of financial matters – our girls are reinforcing this and will be well equipped for the future.
As part of this process, we have invited students from the club to write blog entry-style updates on what takes place each week, and we are delighted to share the first entries with you below:
Entry One: “In the past two weeks of our Enterprise Club, we have discussed some ideas for all our groups and most recently, we have decided on a CEO for our group. We then began to add up the costs of the possible ideas. We studied young enterprise groups in our case files and looked at what they asked for loan, and some of their products that were most successful and what made people want to buy them.
After doing that, we analysed a form that showed our strengths and weaknesses, and based our CEO from that information by doing an anonymous vote.” Aurelia
Entry Two: “In our session on Thursday 19 January, in our three different groups, we each have decided on a group name, and description of the beginnings of our businesses. We have begun to discuss what things we would need to create our products and are thinking about what things are good value for the loan we will be given.
Soon, based on that, we will look at what we should be charging for our products, considering what we buy, the cost of it and all the extras. We are also thinking about whether our shops should be online, (for example, Etsy), or in a local communal area such as Waitrose or Dobbies near the school.
We have chosen hats by way of roles amongst our groups, having decided on a CEO, we based each other’s roles on who we think would be best at something. We are coming back to the session this Tuesday, with more ideas and hopefully some plans of what the costing could be.” Ellie